Global index provider FTSE Russell has partnered with Chainlink to publish its benchmark stock and digital asset indices on the blockchain. This move highlights the application value of blockchain technology in providing institutional-grade market data.
On Monday, Chainlink announced that the Russell 1000, Russell 2000, Russell 3000 small-cap indices, FTSE 100 index, and several digital asset benchmark data will be available on multiple blockchains through its oracle network-driven institutional data publishing service, "DataLink."
The Russell series of indices serves as a significant benchmark for U.S. small-cap and mid-cap stocks, tracked by over $18 trillion in assets globally.
Fiona Bassett, CEO of FTSE Russell, stated that this initiative is part of the company's strategy to promote innovation in "tokenized assets" and exchange-traded funds.
According to Cointelegraph, FTSE Russell launched a series of digital asset indices in January in collaboration with SonarX, aimed at providing standardized benchmarks for institutional investors in the crypto market.
In 2023, FTSE Russell also partnered with digital asset management firm Grayscale to launch five indices categorizing the cryptocurrency market by industry, including smart contract platforms, utilities, and consumer goods sectors.
Additionally, FTSE Russell is one of the major financial institutions exploring the application of blockchain technology (such as tokenization, settlement, and stablecoin integration). According to a recent report by Cointelegraph, JPMorgan has expanded its tokenization business through its private Kinexys blockchain, bringing private equity funds on-chain.
Goldman Sachs and BNY Mellon have also begun offering tokenized money market funds to clients. These funds enable around-the-clock settlement and on-chain ownership tracking.
In April, U.S. banking giant Citigroup stated that institutional interest in blockchain is growing partly due to a clearer regulatory environment, especially in the stablecoin sector.
Citigroup noted, "The main catalyst for broader acceptance may be regulatory clarity in the U.S., which will help stablecoins and blockchain in a broader sense further integrate into the existing financial system."
Related: Opinion: Fintech companies and new banks are driving stablecoin adoption into a new era
Original article: “FTSE Russell partners with Chainlink to put stock indices on-chain”
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